Short Interest in Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) Increases By 6.5%

Eos Energy Enterprises, Inc. (NASDAQ:EOSEWGet Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 24,600 shares, an increase of 6.5% from the February 29th total of 23,100 shares. Based on an average trading volume of 23,500 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Ionic Capital Management LLC acquired a new position in Eos Energy Enterprises during the first quarter worth $25,000. Walleye Trading LLC bought a new stake in Eos Energy Enterprises during the 3rd quarter worth about $149,000. Cowen AND Company LLC lifted its position in Eos Energy Enterprises by 86.2% during the 4th quarter. Cowen AND Company LLC now owns 925,273 shares of the company’s stock worth $185,000 after buying an additional 428,426 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Eos Energy Enterprises during the 3rd quarter worth about $265,000.

Eos Energy Enterprises Price Performance

Shares of EOSEW stock remained flat at $0.16 during trading hours on Wednesday. 1,119 shares of the stock traded hands, compared to its average volume of 22,924. Eos Energy Enterprises has a 52 week low of $0.10 and a 52 week high of $1.88. The company has a 50 day moving average of $0.18 and a 200 day moving average of $0.25.

About Eos Energy Enterprises

(Get Free Report)

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.

Read More

Receive News & Ratings for Eos Energy Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eos Energy Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.